Texas ‘Retainage’ vs. ‘Reserved Funds’: What’s the Difference & Why it Matters
Levelset
AUGUST 25, 2022
Texas lien law: ‘Retainage’ or ‘reserved funds’? In 2021, Texas enacted some sweeping changes to the mechanics lien process effective on projects where the original contract was entered into on or after January 1, 2022. The main changes came in the form of simplified notice procedures and lien filing deadlines.
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